A little Math - Why this basher wants nickel minedQ3 ore mined
182,300 tons
If that was ore targeting the nickel instead of the gold
Using current nickel grade
182300 X 2200(lbs) X .0275 (grade) = 11,029,150 lbs of nickel
Value of ore ---11,029,150 (lbs) X 6.36 (Ni price) = $70,145,394
Cost of ore-----11,029,150 (lbs) X 2.75 (stated ASIC for Nickel = $30,330,163
Net for Q3 =+$39,815,232
In case you don't know the stated grade for the nickel deposit is around 4% and better
So doing that again but this time actually targeting the Nickel ore.
Using nickel deposit grade
182300 X 2200(lbs) X .040 (grade) = 16,042,400 lbs of nickel
Value of ore ---16,042,400 (lbs) X 6.36 (Ni price) = $102,029,664
Cost of ore-----16,042,400 (lbs) X 2.75 (stated ASIC for Nickel) = $30,330,160
Net for Q3 = +$71,699,504
As for gold using the ASIC
Q3
Cost of ore -----8659 ounces X $1569 (ASIC) = $13,585,971
Value of ore-----8659 ounces X $1356 (value of gold) = $ 11,741,604
Net for Q3 = -$1,844,367
So to recap exptrapolate out a year (annualized)
Gold we lose $7,377,468.00
Nickel we make $286,798,016.00
Even if gold was profitable, think how much more profitable it would have to be to touch those nickel numbers.
All they have to do is go back to the nickel deposit that was being mined when they bought Beta Hunt.
I BET MORE BBs WOULD LOVE BASHERS LIKE ME